Daesang-Ministry of SMEs and Startups – Fair Trade Commission, ‘delivery price interlocking system’ voluntary promotion agreement signed

Daesang will take the lead in win-win cooperation with small and medium-sized enterprises by listing it as the ‘No. 1 application company’ in the ‘delivery price interlocking system’ pilot project promoted by the Ministry of SMEs and Startups and the Fair Trade Commission.

On the 14th, the ‘Agreement ceremony for autonomous promotion of the delivery price interlocking system’ held at the KT Woomyun Research Center in Seocho-gu, Seoul was held with about 200 people from the government, the National Assembly, companies, and related organizations in attendance.

Through this agreement, Daesang plans to pilot a ‘delivery price indexation system’ with three consigned companies that manufacture oils and fats. The Ministry of SMEs and Startups and the Fair Trade Commission signed a contract for interlocking the delivery price with Yumac, Jinyuwon, and Yeongmi Industries using the ‘special agreement for interlocking the delivery price (subcontract price interlocking contract)’, and the price of major raw materials fluctuated. In this case, the delivery price will be adjusted according to the mutually agreed agreement.

The delivery price indexation system is a system in which when the price of major raw materials such as goods delivered by a consignee company to a consigned company changes, the change is reflected in the delivery price. The Ministry of SMEs and Startups announced that they will activate the voluntary linkage of the delivery price between the contracting company and the contracting company through the delivery price indexing system, and establish a stable supply chain in response to changes in the external environment such as raw material price fluctuations.

Daesang was the first to submit an application to the recruitment of companies to participate in the ‘delivery price indexation system’ pilot project conducted by the Ministry of SMEs and Startups and the Fair Trade Commission in August. Since then, it is known that a total of 41 companies including Samsung Electronics, Hyundai Motor Company, POSCO, LG Electronics, Hyundai Heavy Industries, and KT have completed the application.

Daesang CEO Jeong-bae Lim said, “It is very meaningful to participate in the pilot project of the ‘delivery price interlocking system’ with small and medium-sized enterprises as the ‘first application company’. We will continue to act responsibly.”

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